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This is why you should NOT study a Law Degree... - YouTube
Channel: ArtofSmartTV
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what's up guys it's Rowan here from art
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of Smart TV and when I asked students
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what do you want to do with your life
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when you finish school one of the most
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common answer students give me is I want
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to study a law degree and right now I'm
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standing in front of Sydney University's
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law school and I actually attended here
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as a student and I loved my experience
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of studying law at Sydney University but
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despite this I'm actually gonna be
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sharing with you why you should not
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study a law degree that's right why you
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should not I know that sounds
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controversial but let's jump in and find
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out why
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so when I decided to study a law degree
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I thought it had an amazing career
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prospects
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you know what's the jobs great salary
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but it turns out I was incredibly wrong
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first of all there's currently about
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15,000 students that graduate every year
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around Australia with a law degree so
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that's a lot but if we put this in the
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bigger picture there's about 50,000
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students that study a law degree in
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Australia each yeah even more and then
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what's really really crazy about all of
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this is that there's currently only
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about 66,000 practicing solicitors in
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Australia so what we actually have
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happening here is there is a huge huge
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oversupply of legal graduates so it
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means that when you graduate with a law
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degree and you go out to find a job
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there's not a lot of work available as a
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lawyer it's incredibly incredibly
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competitive the government predicts
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maybe there will be 5,000 new jobs
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created in the legal industry over the
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next four years and that's 45,000
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students graduating over the next four
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years for maybe 5,000 new jobs so first
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of all the employment prospects and
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nothing like what I thought and believed
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when I picked the degree so what about
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salaries you know is that a good reason
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to become a lawyer well if you look at
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payscale.com today you they give you the
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average salary that ways in Australia
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earn and the average salary is about
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$70,000 okay the total range that
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payscale.com today you give is anywhere
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from 48 thousand dollars to a hundred
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and seventeen thousand dollars on the
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high end but being frank the realities
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50-minute hours that you're going to
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need to work the amount of time that
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you're spending working as a lawyer the
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returns really aren't there in terms of
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the salary that you're getting in fact
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you'd probably be better off becoming a
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teacher that's right most people don't
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think of teachers being necessarily
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well-paid but when you compare it to
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what a lawyer earns you know teachers
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end up earning in a very similar range
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and there's sort of 70 to 110
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and $20,000 range and guess what you get
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three months holiday each year and
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incredibly rewarding work so something
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to think about here is that you
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shouldn't be studying a law degree it's
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number one you think it's gonna have
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great career prospects and number two
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you shouldn't be studying a law degree
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if you think it's also gonna you know
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provide you with a fantastic salary
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there is a third reason why you
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shouldn't study a law degree and I think
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because there's so many students that
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study it often one of the reasons to
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study a law degree is well you know
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although a Commerce degree not a border
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you know the law degree to it to
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differentiate me or I'll do you know
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what an engineering or a law science and
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engineering arts or science degree and
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I'll add more to differentiate me and if
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so many students are doing the law
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degree fifty thousand students studying
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one right now doing the law degree adds
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no differentiation in fact it's almost
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become like studying an arts degree the
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default thing that you do so there's
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some reasons why you should not study a
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law degree but there are still some very
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good reasons why you should think about
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studying a law degree so let's look at
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what those might be so here's three
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reasons though why you should think
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about doing the law degree and the first
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reason is that a law degree teaches you
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how to think and problem solve the whole
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structure of the entire degree is about
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giving you rural problems and then
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equipping you with legal frameworks and
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principles to be able to look at both
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sides of an issue and that's an
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incredibly powerful problem-solving
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skill that you can take into so many
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different curries across your life so
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studying a law degree can be really
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powerful for that reason the second
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reason is that if you're genuinely
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passionate about the role that law plays
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you know in the world around us and its
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ability to make it different from
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people's lives then you should a hundred
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percent study a law degree because
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you're doing it for the right reasons
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you're doing it because you have a real
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passion for it not because you think
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it'll differentiate yourself or because
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it'll give you a great career with lots
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of pay which we know isn't true
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and the third and final reason why you
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should consider doing a law degree is
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because at the end of the day our our
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lives touch upon the law every day all
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the time so it's an incredibly practical
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degree that can actually improve the
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interactions that you have you know with
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the people around you and in lots of
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different careers and what I mean by
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this is when I was studying my law
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degree and I realized I don't want to be
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a lawyer I decided to pick subjects that
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were really practical advanced contract
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law intellectual property law media law
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subjects that would make a real
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difference no matter what I did in my
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career and in my life so there's three
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powerful reasons why you should pick and
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study a law degree at university now if
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you've got more questions about finding
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a law degree leave them in the comment
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below I'd love to be able to help you
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make the decision on whether or not
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you're gonna study a law degree or not
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secondly if you want to know about
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different degrees leave it in the
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comments below as well
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let us know what degree you're wanting
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to get the real honest sort of truth
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about and we'll shoot a video for you
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